ACCESS HOLDING AS: årsregnskap 2014 vs 2013
Shrank 100% on revenue
approved 2015-06-17; registry 2015-08-03; journal 2015 679248
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCESS HOLDING AS. Revenue 312.4k NOK → 1 558 NOK (-99.5%). Net result +2 013 NOK → +2 014 NOK. Equity -90.2k NOK → -135.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -109.3k NOK → +5 948 NOK (op. margin -35.0% → 381.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 312.4k NOK to 1 558 NOK (-99.5% YoY). Calculated
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↓
Equity eroded
Book equity -90.2k NOK → -135.0k NOK (equity ratio -14.1% → -23.9%). Calculated
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↓
Cash fell
Bank deposits 193.4k NOK → 116.9k NOK (-39.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 201.1k NOK → 730.1k NOK (64% → 46863% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 15.2k NOK → 96.7k NOK (+535.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -23.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation